Senior Compensation Analyst & Data Modeling Leader

Socket.dev; Novi (MI); On-site; USD 100,000 - 110,000; Full time

Benefits offered by this job

Health and wellness benefits

401(k) retirement plan with company-m

Job summary

Socket.dev in Novi, MI is seeking a Sr Compensation Analyst to lead advanced compensation analyses, model pay structures, and advise on market competitiveness while upholding internal equity. You will partner with HR Business Partners, Talent Acquisition, and leaders to shape compensation programs and drive operational excellence.

You will administer salary structures, participate in surveys, and mentor junior team members, ensuring compliance with pay equity reviews and regulatory audits.

Qualifications

• Bachelor’s degree in business, Human Resources, Finance or related field is strongly preferred.
• 3-5 years of experience in a Compensation role, or Human Resources role requiring significant data analysis, is required.
• Experience utilizing HRIS systems is required; familiarity with Oracle Cloud HCM and ServiceNow are strongly preferred.
• HR certification (PHR, SHRM-CP) or Compensation-specific certification (CCP) is preferred.

Responsibilities

• Leads complex compensation analyses and evaluates competitive trends in base and variable pay programs, providing recommendations to ensure market competitiveness and internal equity.
• Oversees participation in compensation surveys, ensuring data accuracy and interpreting survey results to inform compensation strategy and program design.
• Administers and continuously improves compensation programs, including salary structures, job pricing, and incentive programs.
• Performs advanced modeling and analysis of pay structures and workforce compensation data to support budget planning, pay equity reviews, and strategic decision-making.
• Leads key aspects of the annual pay increase cycle, including modeling scenarios, analyzing budget impact, and supporting communication and implementation.
• Partners closely with HR Business Partners, Talent Acquisition, and leaders to provide consultative guidance and recommendations on compensation matters.
• Supports and helps lead compensation compliance efforts, including pay equity reviews and regulatory audits.
• Develops documentation, tools, and best practices that improve compensation processes and operational efficiency.
• Leads or contributes to cross-functional HR projects and system enhancements related to compensation (e.g., Oracle HCM, ServiceNow).
• Provides guidance and mentorship to junior compensation team members.

Skills

Customer service

Communication

Time management

Organizational skills

Interpersonal skills

Education

Bachelor's degree in business, HR, or finance

Tools

HRIS systems

Oracle Cloud HCM

ServiceNow

Job description

Socket.dev in Novi, MI is seeking a Sr Compensation Analyst to lead advanced compensation analyses, model pay structures, and advise on market competitiveness while upholding internal equity. You will partner with HR Business Partners, Talent Acquisition, and leaders to shape compensation programs and drive operational excellence.

You will administer salary structures, participate in surveys, and mentor junior team members, ensuring compliance with pay equity reviews and regulatory audits.